Housing Report for Dallas-Fort Worth-Arlington Metropolitan Statistical Area – May 2023
Single-Family Homes SUMMARY
Sales volume for single-family homes decreased 1.86% YoY from 9,034 to 8,866 transactions.
Year-to-date sales reached a total of 35,028 closed listings.
Dollar volume dipped from $4.83 billion to $4.52 billion.
The average sales price dipped 4.63% YoY from $534,560 to $509,825
The average price per square foot subsequently declined from $220.41 to $210.17.
Median price declined 5.75% YoY from $435,000 to $410,000
The median price per square foot also declined from $207.41 to $197.33.
Months inventory for single-family homes rose from 1.3 to 2.2 months supply.
Days to sell rose from 54 to 77.
—
(Days to Sell = Days on Market + Days to Close)
(YoY – Year-over-Year is a calculation commonly used in economics or financial data to show how information from one time period compares to the year prior. )
Dallas-Fort Worth Housing Report May 2023 (single family homes residential)
May 2023 | YoY %
Home Sales: 8,866 | -1.86%
Dollar Volume: $4,520,107,135 | -6.40%
Median Close Price: $410,000 | -5.75%
New Listings: 11,112 | -13.10%
Active Listings: 16,330 | 50.67%
Months Inventory: 2.2 | 74.04%
Days to Sell: 77 | 42.59%
Average Price PSF: $210.17 | -4.64%
Median Price PSF: $197.33 | -4.86%
Median Square Feet: 2,128 | -0.75%
Close to Original List Price: 97.36% | -7.35%
COLLIN COUNTY HOUSING REPORT – May 2023
May 2023 | YoY %
New Listings: 1,985 | – 16.2%
Average Sales Price: $590,118 | – 8.8%
Median Sales Price: $524,990 | – 8.8%
Days on Market Until Sale: 41 | + 192.9%
Inventory of Homes for Sale: 2,350 | + 14.5%
Months Supply of Inventory: 1.9
Relocating to Dallas-Fort Worth?
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Princeton, TX is located in Collin County Texas and is part of Dallas-Fort Worth metropolitan area.
About the data used in this report
Data used in Dallas-Fort Worth- Arlington report come from Texas Realtor® Data Relevance Project, a partnership between the Texas Association of Realtors® and local Realtor® associations throughout the state. The analysis is provided through a research agreement with the Real Estate Center at Texas A&M University
Data used in Collin County report come from North Texas Real Estate Information Services, Inc.
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